Flippa
FOR SALE
Business Name

Redwing RC, LLC

Business Model
e-Commerce
Industry
Hobbies and Games

$105,000

Asking Price
Multiple 1.9x

+ $460,000 Inventory

Redwing RC has been in business since 2005 and is an online store specializing in premium state-of-the-art radio controlled airplanes and accessories.
This business owner has manually entered their financials

Facts and Figures

Location
United States
Date of Founding
2017
Full-Time Staff
Owner Operated
Annual Revenue
$97,232
Annual Expenses
$42,545
Annual Net Profit
$54,687
Evidence of Revenue
Note: Where the business is less than 12 months old the annualized data represents total sales for the period of operation.

Recent Performance

Month March 2019 April 2019 May 2019
Revenue $8,729 $11,066 $13,770
Expenses $1,453 $3,867 $5,274
Net Profit $7,276 $7,199 $8,496

Business Description

Our mission statement is to provide our customers with the highest-quality constructed aircraft with professional grade components in the RC market.

How does your business make money?

Primary revenue is generated from online sales of aircraft and components. Secondary income is thru sales at shows and RC Events/Competitions.

Why should someone buy this business?

Turn-key established business with a global market following for RC airplanes.

How can the future owner improve this business?

Continue to build the market niche of high-end professional grade RC aircraft.

Why are you selling this business?

Bought the business to support my hobby but I am not retired from my full-time job yet. I travel a lot and to grow the business to its full potential requires time I don’t currently have.

Business Strengths

  • Brand and Community Loyalty
  • Customer Service
  • Lots of Repeat Customers
  • The Business Is Currently Growing
  • Well Established and Unique Brand

Opportunities for a new owner

  • Launch New Products
  • Advance or Explore Retail / Distribution Partnerships
  • Develop New Features

Key day-to-day operations

  • Customer Support / Service
  • Managing Inventory
  • Order Fulfilment
  • Website Maintenance
  • Content marketing

Marketing

  • Facebook Advertising
  • Instagram Advertising
  • SEO

Inventory

Value
$460,000

Assets

  • Brand assets
  • Contracts (written or verbal) with customers and suppliers
  • Custom technology
  • Customer databases
  • Domains
  • Existing manufacturing relationships
  • Hosting accounts
  • Inventory on hand or on order at the time of closing
  • Marketing materials and collateral
  • Policy and Process documents
  • Registered trademarks
  • Relevant email accounts
  • Social media accounts
  • Vendor contacts
  • Website files, source code and content
  • e-Commerce platform accounts
  • Google Adwords

Social Media

Facebook
3.2K followers
Instagram
110 followers

Post sale support

This is support provided by the seller when transitioning the business to a buyer.

Included

About the Seller

Jeff Mitchell

United States

I retired from the USAF in 2010 after 21 years as a Navigator flying on the KC-135 Stratotanker....I passed gas for a living! Only I did it at closure speeds of 800 mph and at an altitude of 25,000 ft! I have always loved airplanes and enjoyed flying control line models as a kid with my Dad. While on active duty I played around with electric foamies but never had a Giant Scale gasser until I met Tim and Redwing RC. I have always wanted to own my own my own RC hobby shop so when Redwing RC was up for sale, I fulfilled my dream. Now I have a means to fund my habit (I mean hobby) of buying airplanes and helping other pilots with their RC dreams. Did you know it is actually 2 separate hobbies--The hobby of buying RC airplanes and the hobby of flying RC airplanes!

Contact